How is a movie superstar like a monopolist?

How is a movie superstar like a monopolist?

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July 15, 2021
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How is a movie superstar like a monopolist?

Answer and ExplanationSolution by a verified expert

Explanation
Monopoly of a film star is when the star earns a great amount of money and praise by being involved in any number kind of movie. A film star enjoys monopoly, if talented enough to hold a special place in the eyes of the public. The star may act in so many movies that it starts sharing a major portion of the economic growth in the film industry. Any other actor trying to compete the talent fails because the talent of the other actor, cannot be a substitute for the popular film stars. This acts as a barrier to get good movies for other actors.

Verified Answer
When an actor is extremely popular, the viewers give them a specific place and title. If they make movies that share a large portion of the economy of the film industry, other actors trying to compete with them to take their title are not capable of doing so. In this way, the popular actor enjoys monopoly as they get specific incentives or advantages.

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